Word: dividend
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...companies had also felt the effects of Korea. Because Standard Oil of California's net was 50% above last year's (at $46 million), its directors declared an extra dividend of $1. The Texas Co., whose net of $41 million was almost one-third above last year's third quarter, was going to mail out an extra $1.50 to its stockholders...
...Sanford Carpet Co., whose rug sales had slumped last year, managed to increase its net an incredible 30-fold from $61,500 to $1.9 million by merely doubling its sales. Alexander Smith & Sons Carpet Co., which boosted its nine-month net six-fold to $4 million, declared an extra dividend of 50?. So did American Radiator & Standard Sanitary Corp., biggest in the plumbing fixtures trade. American Radiator's net hit an alltime high of $17.7 million for the first nine months, up 77% from...
Record Bill. In the auto industry, Hudson tossed out an extra dividend of 75? and General Motors Corp., which in 1949 chalked up yearly earnings of $656 million, the biggest in U.S. industrial history, surpassed last year's total in the first nine months alone. But the higher corporate taxes (42% v. 1949's 38%), which were retroactive to Jan.' i, took such a big bite (roughly $50 million) that G.M.'s third-quarter net of $217 million was below the second quarter. G.M. set another record: its $605 million tax set-aside for the first...
...every 50 U.S. families this week went dividend cheer from A.T. & T., which was paying its regular quarterly dividend of $2.25 per share to 975,000 stockholders. It was the biggest dividend mailing in U.S. history. Total payment: $63 million. Total weight of the letters: eleven tons...
...discussion on publishing its own confidential guide to freshman courses, and will bring the question to this year's freshman at a meeting tomorrow. Final business of the day included transferring the distribution problems of the 1950 Yearbook to the class representatives and deciding to award the first $50 dividend of the Grant-in-Aid fund in one lump...